Web company director convicted

09/10/2015 - 13:41

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The director of three Perth-based website development and digital marketing companies has been convicted in the District Court of using his position dishonestly to gain an advantage.

The director of three Perth-based website development and digital marketing companies has been convicted in the District Court of using his position dishonestly to gain an advantage.

Oliver Wood was convicted on three counts of using his position as a director of SEO Company dishonestly, including withdrawing more than $29,000 from the company’s bank account for his personal use.

He has until recently been managing director of Digital Monopoly, a position he held since 2007.

The Digital Monopoly Group includes perthwebdesign (which is different from PerthWeb).

The local web entrepreneur's conviction follows an investigation by the Australian Securities and Investments Commission.

After an eight-day trial, Mr Wood also pleaded guilty to four counts of making a false statement in a document lodged with the corporate watchdog.

Mr Wood, who is on bail, will be sentenced on the seven charges on October 15, Asic said in a statement.

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